Impressed Judge Set To Approve $23.6M Forex-Rigging Deal

Law360 (November 19, 2020, 4:37 PM EST) -- A New York federal judge on Thursday gave her congratulations to plaintiffs' counsel for a $23.6 million class-action settlement with more than a dozen big banks accused of rigging the foreign exchange market and said it was "no mystery" she would sign off on the deal.

U.S. District Judge Lorna G. Schofield indicated her approval of the wide-ranging agreement during a telephone hearing, commending the investors' counsel on what she said was a deal so well received by an estimated 100,000 class members that not a single one had objected or opted out.

"I'm not sure I've ever seen a case without...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!